Tonetech Ltd.

Tonetech Luthier Supplies, based in High Wycombe, UK, is a small holding company with an active status, having been founded eighteen years ago in 2007. The company employs just two people and holds £1,078 in assets, operating from a virtual address shared by eleven other companies. It’s managed by two directors and has one owner, with Capstore Holdings Ltd listed as the parent company. The business runs an e-commerce site with a stellar 5.0 Google rating from 25 reviews, specializing in the supply of tools and parts for luthiers—those who build and repair musical instruments. It’s a regular importer, bringing in musical instruments and parts for fourteen months, with the last import operation occurring in January 4 2024.

The website, Tonetech Luthier Supplies, showcases a comprehensive range of products, from clamping tools and fret wire to guitar body blanks and nitrocellulose paint. It caters to both hobbyists and professionals, offering everything needed to build, repair, and restore musical instruments. The site also highlights Gluboost products, a brand specializing in guitar builds and repairs. It’s clear the company is focused on serving a niche market with high-quality supplies.

Financially, Tonetech Luthier Supplies presents a mixed picture. Current assets have fallen significantly by 57% to just £1,100, while net assets have plummeted 7.7% to -£39,000. Creditors have surged a staggering 2000%, reaching £5,600, and bank borrowings are at £34,000. Cash reserves have also decreased by 69% to £1,100. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 60 employees) helps it remain nimble, but the sharp decline in equity raises concerns. The accounts are unaudited, a common exemption for small companies, and no auditor is mentioned.

Overall, Tonetech Luthier Supplies appears to be navigating a challenging financial landscape. While its e-commerce site and niche market position suggest potential, the company’s declining assets and rising debts indicate a need for careful management. It's a small business, and it’s clear that the business is burning through money.

Registered in England/Wales under the registration number 06067591, with a registered address at HP14 4NB, United Kingdom, High Wycombe, Buckinghamshire, Unit 2 Trada Business Campus, Stocking Lane, Hughenden Valley.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.